[ET Net News Agency, 3 March 2020] Goldman Sachs said Sunny Optical (02382) delivered
strong shipment numbers in 2019 and Jan 2020, with both handset lens and camera module
shipment stronger than the research house expected.
However, with the continuing Covid-19 situation, which could weigh on Sunny's
February-April shipment, given the supply chain will likely take time to fully recover
production, fiercer competition in the camera space through 2021, and the challenging
situation potentially weighing on the opex ratio.
Goldman lowered its EPS forecasts by 20%/23% for 2020/21. With lower EPS, an unchanged
target PE multiple, and roll over to 2021, its target price is unchanged at HK$150 (23x
2021 PE). It also maintained its "buy" call on Sunny. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
02382 SUNNY OPTICAL
Nominal 
38.150 +2.650 (+7.465%) Research Report
03/03/2020 17:06
{I-bank focus}GS cuts Sunny's EPS on Covid-19 & competition
| Remark: | Real time quote last updated: 26/04/2024 18:00 |
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